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Retail Shrinkage
Shrinkage is a part of the business no one likes to talk about. However, shrinkage plays a huge part in every retailer's business. Retail shrinkage is the portion of your inventory that gets lost or stolen. Your shrinkage rate is expressed as a percentage based on the value of lost inventory divided by sales during the same period. Keeping your shrinkage rate low is critical to success in business.
As per a study by Global Retail Theft Barometer, retail shrinkage in India continues to rank the worlds highest at 2.7%. Indian retail lost Rs 9,295.9 crore to shoplifting and theft during the one year period ending June, 2012. The annual survey was conducted by the Centre for Retail Research in Nottingham, UK. In India, 47.3% of retail shrinkage was due to shoplifting and 26.4% due to employee theft. The highest rate of shrinkage was seen in apparels.
As per the study, the lowest rate of shrinkage was witnessed in Taiwan, at 0.87% of retail sales, whereas the average rate in the Asia-Pacific region was 1.16%.
Installation
Usage of cctv to have close watch on customers. Checking of staff. Security staff at the entrance of the gate. Customer baggage check by security staff Issue of token for the baggage.
of EAS system
Radio-frequency systems.
HARDTAGS
DETACHER
ANTENNA
The characteristics of the system ANTENNA: Plug-n-play installation Sturdy tubular pedestal design Built-in audio and visual alarms Tags-to-close notification Compatible with all 8.2Mhz using multiple pedestals Designed for easy installation and operation
Hard tags(EAS)
Hard tags are made with best-inclass design practices for exceptional detection performance, durability, ease-of-use, appearance, and defeat resistance. Hard tags are available in a variety of styles for use in protecting apparel of all types from delicate lingerie to coats and hats, as well as hard goods such as sports equipment, hardware, electronics, and others.
Detacher
Retail security offers various ranges of detachers applied for the reusable tags. Easily installed in cash counter or other necessary places, these are easy to use, very durable and reliable. Characteristics . Sturdy and durable Easy to use and reliable Mounting options Detacher Locker options help prevent unauthorized unlocks.